CHARLOTTE, N.C., Aug. 12, 2021 (World NEWSWIRE) — LPL Economic LLC (Nasdaq:LPLA) right now declared that the crew at Tower 68 Economic Advisors, led by founder and CEO Ken South, has released a new unbiased apply through affiliation with LPL Financial’s Strategic Wealth Solutions (SWS) model developed to assistance the special desires of breakaway advisors. The crew documented obtaining served roughly $550 million in advisory, brokerage and retirement program belongings*. They be a part of LPL from Oppenheimer.
South, who used his teen many years as an ocean lifeguard at Tower 68 in Newport Beach, Calif., commenced his occupation in the monetary providers business in 1985 ahead of founding his solo apply in 2006. He is now joined at Tower 68 Economic Advisors by Chief Running Officer Steve Arcos and an seasoned operational assistance crew. They take satisfaction in individually taking care of and handpicking portfolios, which are tailored to in good shape every client’s persona and desires. South, who teaches stocks and bonds to higher faculty senior economics learners, also implements monetary education and coaching within the apply to assist clientele understand the big photograph of their funds.
In deciding upon a identify for their new apply, South and the crew recognized the parallels involving lifeguards and monetary experts. He mentioned, “As a previous lifeguard, no one particular understood that beach as very well as I did. It was my career to shield people today and keep them from harm’s way. That is what we do as advisors—we take care of our clientele and do what’s right for their monetary futures.”
Immediately after considerable exploration and owing diligence, the crew turned to LPL to assist elevate the client working experience and take their apply to the upcoming amount. “LPL supplies our clientele with an amazingly strong on the web working experience. The simplified, intuitive technological innovation presents clientele the tools and methods they require to be ready to look at their whole portfolio and conveniently add information and facts,” South mentioned. “My crew also believes that LPL’s buying and selling system is 2nd to none. We can control trades with full objectivity, making it possible for us to place our clients’ ideal passions at the forefront of everything we do.”
Committed assistance from LPL Strategic Wealth Solutions
“We’re also energized about the depth of dedicated assistance provided by the SWS model,” South mentioned. “We’ve designed excellent relationships with LPL’s SWS team, who we contemplate an prolonged component of our crew, and they offer strategic coaching and experience in parts that are not my core competencies.”
In addition to obtaining access to LPL’s built-in wealth administration system and sophisticated methods necessary to operate a flourishing apply, SWS teams also receive an extra layer of ongoing, personalised assistance for everyday functions and very long-term small business administration. From the very starting, SWS bridges the changeover to independence by furnishing dedicated start assistance, which includes authentic estate create-out, manufacturer improvement, technological innovation set up and HR providers. Immediately after the changeover, the benefit of the SWS model shifts to the ongoing strategic, administrative, advertising and marketing and CFO assistance that permits advisors to remain concentrated on the enduring desires of their clientele, culture and evolution of their apply.
“I can not tension more than enough the joy derived from maximizing our apply and generating differentiated activities for our clientele. Their pleasure and monetary wellbeing are what is most essential,” South mentioned.
Scott Posner, LPL government vice president, Organization Growth, mentioned, “It is our honor to have Ken and the seasoned crew at Tower 68 be a part of the LPL group. We congratulate them on their new unbiased apply and are committed to supporting them as they embark on this new and exciting journey. At LPL, we constantly strive to innovate our technological innovation and answers to assist our advisors differentiate their apply and improve their clients’ lives. Our SWS system and small business methods empower advisors to grow their small business and elevate client working experience. In addition, our advisors will have our full, personalised assistance each move of the way. We extend a warm welcome to the Tower 68 crew and glance ahead to a very long-lasting partnership with them.”
Understand additional about Tower 68. Go through about other corporations that a short while ago joined LPL in the LPL Economic News and Media part of LPL.com.
Advisors, uncover an LPL small business improvement representative near you.
About LPL Economic:
LPL Economic (Nasdaq: LPLA) was started on the basic principle that the company ought to perform for the advisor, and not the other way around. Nowadays, LPL is a chief** in the markets we provide, supporting additional than 19,000 monetary advisors, 800 institution-centered financial investment plans and 450 unbiased RIA corporations nationwide. We are steadfast in our dedication to the advisor-centered model and the perception that Us residents are worthy of access to objective steerage from a monetary advisor. At LPL, independence implies that advisors have the freedom they are worthy of to decide on the small business model, providers, and technological innovation methods that enable them to operate their best apply. And they have the freedom to control their client relationships, simply because they know their clientele ideal. Simply just place, we take care of our advisors, so they can take care of their clientele.
*Based on prior small business and represents belongings that would have been custodied at LPL Economic, somewhat than third-bash custodians. Noted belongings and client numbers have not been independently and fully verified by LPL Economic.
**Top rated RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report) No. one Independent Broker-Vendor in the U.S (Based on overall revenues, Economic Arranging magazine June 1996-2020) No. one service provider of third-bash brokerage providers to banking companies and credit score unions (2020-2021 Kehrer Bielan Analysis & Consulting Yearly TPM Report) Fortune five hundred as of June 2021
Securities and advisory providers supplied through LPL Economic LLC, an SEC– registered broker-seller and financial investment advisor. Member FINRA/SIPC.
Through this communication, the terms “financial advisors” and “advisors” are applied to refer to registered reps and/or financial investment advisor reps affiliated with LPL Economic LLC. We routinely disclose information and facts that might be essential to shareholders in the “Investor Relations” or “Press Releases” part of our internet site.
Tower 68 Economic Advisors and LPL Economic are individual entities.
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